(Corrects the date to Feb.7 from Tuesday)
BEIJING, Feb 21 (Reuters) - China's central bank has
authorised ICBC Brazil to be a renminbi clearing bank in Brazil,
it said on Tuesday.
The establishment of such arrangements for the renminbi
(RMB), or yuan, would be beneficial to cross-border transactions
and further promote bilateral trade and investment
facilitation, the People's Bank of China said on Feb.7.
(Reporting by Ella Cao and Liz Lee
Editing by David Goodman)
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